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Today’s Wall Street Closing Bell recap with Peter Tuchman.
In today’s episode of Wall Street Closing Bell, Peter Tuchman, the legendary New York Stock Exchange (NYSE) trader known as the “Einstein of Wall Street,” breaks down everything that moved the stock market today. Wednesday, October 21st was a roller coaster session that still finished higher. The Dow Jones closed up 360 points and the S&P 500 (SPY) gained roughly 50 points on 1.1 billion shares. Stocks opened higher, dipped, then rallied strongly. A sharp late-afternoon dive of about 55 points followed before the selloff evaporated. Peter links the drop to headlines that U.S. diplomatic staff in the Middle East were being advised to come home, though the details remained unclear. Advances versus declines finished an even 50-50, transports edged up, the Volatility Index (VIX) slipped, and Brent crude ticked higher. The October 19th 1987 crash anniversary passed without the doomsday repeat some predicted. Earnings remain the lifeblood of this market. Meta Platforms (META) posted solid results after the bell and traded up about $31, as tech, compute, memory, and hyperscaler names come back into favor.
Today’s Topics
- Dow Jones closes up 360 and S&P 500 (SPY) gains about 50 points in a roller coaster session
- Late-afternoon dive of roughly 55 points reverses after Middle East diplomatic headlines
- Advances versus declines even at 50-50 on 1.1 billion shares, transports up, Volatility Index (VIX) lower, Brent crude higher
- October 19th 1987 crash anniversary passes without the feared repeat
- Meta Platforms (META) jumps about $31 after the bell on solid earnings as tech, memory, and hyperscalers return to favor
- What Peter is watching as solid earnings keep carrying the market forward
Topics Covered
Wall Street, Stock Market, Stock Market News, Wall Street Closing Bell, Peter Tuchman, NYSE, New York Stock Exchange, Investing, Trading, Finance, Market Recap, Market News, Stocks, Federal Reserve, Interest Rates, Inflation, Earnings, S&P 500, Nasdaq, Dow Jones, Investor Sentiment, Earnings Season, Meta, Meta Platforms, META, Tech Stocks, Hyperscalers, Memory Stocks, VIX, Volatility Index, Brent Crude, Oil, Transports, Intraday Reversal, Stock Market Rally, Middle East, Geopolitical Risk, Black Monday, 1987 Crash.
